The superintendent of financial institutions may take
possession of the property and business of a bank if the superintendent finds
any one or more of the following conditions:

(A)
The bank is in an unsafe or unsound
condition to continue the business of banking.

(B)
The bank is insolvent, in that it has
ceased to pay its debts in the ordinary course of business, it is incapable of
paying its debts as they mature, or it has liabilities in excess of its assets.

(C)
The bank has refused to submit
its records or affairs to the inspection or examination of any federal bank
regulatory agency or the superintendent.

(D)
The bank has failed to pay its deposits
or obligations in accordance with the terms under which the deposits were taken
or the obligations were incurred.

(E)
A majority of the board of directors of
the bank has requested the superintendent to appoint a receiver to take
possession of the bank for the benefit of account holders, creditors, or
shareholders.

(F)
The bank has
violated any order of a court or of the superintendent, any statute, rule, or
regulation, or its articles of incorporation, and the superintendent determines
the continued control of its own affairs threatens injury to any of the public,
the banking industry, or the bank's depositors or other creditors.

(G)
The bank's status as an insured
institution has been terminated by the federal deposit insurance corporation.